New Bridgestone logistics centre outside Paris

ProLogis, a leading global provider of distribution facilities and services, today announced that it has signed a build-to-suit lease agreement with Bridgestone, one of the world’s largest tire manufacturers. Bridgestone will lease 245,611 square feet (22,818 m2) of distribution space at ProLogis Park Evry located on the outskirts of Paris. Bridgestone currently leases 219,104 square feet (20,355 m2) from ProLogis in Indianapolis.

“Bridgestone is a world-renowned manufacturer and distributor of tires, and we are pleased to provide them with a world-class facility that serves their needs in this market,” said Ranald Hahn, managing director for ProLogis Southern Europe. “This new facility, along with the Bridgestone facility already leased in the United States, is an example of the type of multi-continent relationships we are building with companies of Bridgestone’s caliber.”

Construction is expected to be completed in September 2004. Evry Park is located near Paris at the intersection of the A6 Paris-Lyon Motorway and Francilienne Outer Ring Road.

About ProLogis

ProLogis is a leading provider of distribution facilities and services with 237.2 million square feet (22.0 million square meters) in 1,759 distribution facilities owned, managed and under development in 68 markets in North America, Europe and Asia (excludes temperature-controlled distribution facilities). ProLogis continues to expand the industry’s first and only global network of distribution facilities with the objective of building shareholder value. The company expects to achieve this through the ProLogis Operating System(R) and its commitment to be ‘The Global Distribution Solution’ for its customers, providing exceptional facilities and services to meet their expansion and reconfiguration needs.